Joule Financial LLC Has $744,000 Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Joule Financial LLC reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,910 shares of the e-commerce giant’s stock after selling 166 shares during the quarter. Joule Financial LLC’s holdings in Amazon.com were worth $744,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Momentous Wealth Management Inc. acquired a new position in shares of Amazon.com during the fourth quarter worth approximately $749,000. Segall Bryant & Hamill LLC grew its position in Amazon.com by 14.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock valued at $69,572,000 after purchasing an additional 39,696 shares during the period. Bearing Point Capital LLC bought a new stake in Amazon.com during the 4th quarter valued at $12,014,000. Evergreen Capital Management LLC increased its stake in Amazon.com by 0.5% during the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant’s stock valued at $53,213,000 after purchasing an additional 1,198 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Amazon.com by 173.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant’s stock worth $759,434,000 after buying an additional 2,196,353 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AMZN. Oppenheimer upped their price objective on shares of Amazon.com from $215.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday. Benchmark restated a “buy” rating and set a $260.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. The Goldman Sachs Group lowered their price objective on shares of Amazon.com from $255.00 to $220.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Rosenblatt Securities upped their price objective on shares of Amazon.com from $287.00 to $288.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Amazon.com from $287.00 to $206.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. Based on data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average target price of $245.53.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 2,695 shares of the firm’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $24,050,626.20. This trade represents a 2.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the sale, the chief executive officer now directly owns 509,474 shares in the company, valued at $95,776,017.26. This represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 102,037 shares of company stock valued at $20,531,075 over the last three months. 9.70% of the stock is owned by corporate insiders.

Amazon.com Trading Down 1.3%

Shares of Amazon.com stock opened at $209.69 on Friday. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a market cap of $2.23 trillion, a price-to-earnings ratio of 34.15, a PEG ratio of 1.61 and a beta of 1.33. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The company’s 50-day moving average price is $198.41 and its 200-day moving average price is $209.31.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. The firm had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.98 earnings per share. On average, equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.